Investing in a new property is a big step, although an exciting one. However, before purchasing your dream home you should consider having a building survey done.
Why do I need a Building Survey when buying a home?
- With such a large investment it is sensible to know that the property that you are purchasing is in a good condition. This will help you to sleep better at night knowing that there are no hidden problems about to appear as soon as you move in.
- With a building survey from a professional building Surveyor you can have confidence that he or she will determine the state of repair of the property. This is important because there may well be hidden problems such as subsidence, drainage, or dry rot that could be potentially expensive to repair. Your mortgage company may arrange for a Valuation Survey, but this comes from a cursory look at the property and looks at value rather than condition. So having a proper survey will give you a far better insight into the state of the property you are investing in.
- Having a building survey can be useful as a negotiating tool. If you know that you will be required to do work to bring the property up to a good standard of repair then you can use that as a mean to ask the buyer to reduce the price, or to get them to fix the problem so that the property is in a good state of repair before you move in.
- If you are buying a listed building, a building in a conservation area, or an old building then having a Building Survey is highly recommended. That way you know precisely what you are dealing with when you move in, and what work you might need to do when you have moved in.
If you would like to have a Building Survey undertaken on your home to give you peace of mind, and potentially save you money, then please give me a call.